豆一现货偏强看涨，花生回落成交清淡

Group 1: Report Industry Investment Rating - The investment rating for both soybeans and peanuts is neutral [3][5] Group 2: Core Views - The domestic soybean spot price maintains a strong pattern. Although the downstream has a general acceptance of high prices, the rigid demand for replenishment still exists, and the market is mainly seller - dominated, so the demand does not restrict the price increase for the time being. The import of soybeans is expected to peak in April, with limited short - term supply supplementation [2] - The peanut market is generally weak. Although the willingness of farmers to sell has increased, the overall supply is still limited. Processing enterprises maintain a cautious procurement rhythm, and the market trading is light. Attention should be paid to the procurement rhythm and market entry of oil mills [3][4] Group 3: Market Analysis of Soybeans Futures - The closing price of the Dou - 1 2605 contract yesterday was 4749.00 yuan/ton, a change of - 66.00 yuan/ton from the previous day, a decrease of 1.37% [1] Spot - The spot basis of edible soybeans was A05 - 49, a change of + 66 from the previous day, an increase of 32.14% [1] - The domestic soybean spot price in the Northeast market increased by 60 yuan/ton, driven by the strong operation of the futures market, the reduction of grassroots grain reserves, and the increased replenishment demand of downstream food processing enterprises after the festival [1] - The prices of national standard first - class soybeans in different regions of Heilongjiang are as follows: in Harbin, the loading price of medium - sized tower grain with 39% protein is 2.35 yuan/jin; in Shuangyashan Baoqing, it is 2.33 yuan/jin; in Jiamusi Fujin, it is 2.35 yuan/jin; in Qiqihar Nehe, the loading price of medium - sized tower grain with 41% protein is 2.45 yuan/jin; in Heihe Nenjiang, it is 2.42 yuan/jin; in Suihua Hailun, it is 2.45 yuan/jin [1] Group 4: Market Analysis of Peanuts Futures - The closing price of the peanut 2605 contract yesterday was 7988.00 yuan/ton, a change of - 56.00 yuan/ton from the previous day, a decrease of 0.70% [3] Spot - The average spot price of peanuts was 8009.00 yuan/ton, a change of - 9.00 yuan/ton from the previous day, a decrease of 0.11%. The spot basis was PK05 - 1188.00, a change of + 56.00 from the previous day, a decrease of 4.50% [3] - The average price of general - quality peanuts in the national market was 8018 yuan/ton, a decrease of 9 yuan/ton. The prices of different types of peanuts in different regions are given, such as Henan wheat - stubble Baisha general - quality peanuts at 3.5 - 3.9 yuan/jin, 8 - sieve refined peanuts at 4.25 - 4.35 yuan/jin, etc. [3] - The average contract procurement price of oil - making peanuts by national oil mills was 7429 yuan/ton, stable, with the Shandong average at 7350 yuan/ton, stable. The quotes of national oil mills range from 7200 - 7900 yuan/ton, priced according to quality [3]